Westpac Banking to price fixed-rate notes, floaters in two tranches

By Devika Patel

Knoxville, Tenn., May 25 – Westpac Banking Corp. intends to offer dollar-denominated notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The Sydney, Australia-based bank plans to sell fixed-rate notes and floating-rate notes, which will have a coupon based on SOFR.

The notes are non-callable.

BofA Securities Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Westpac Banking Corp. are the bookrunners.

Proceeds will be used for general corporate purposes.

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